Vieri AS
ASDissolvedOrg 918425586Grenseveien 21, 4313 SandnesProgrammeringstjenester· NACE 62010Est. 2017 · 9 years old3 employeeshttps://www.vieri.no
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Overview
Vieri AS is a Norwegian AS based in Sandnes, operating in the Programmeringstjenester sector. Incorporated in 2017, the company has 3 employees and reported revenue of NOK 3.0m in its latest annual filing.
Revenue 2020
3M NOK
+74% vs 2019
EBITDA margin
3.1 %
+358% vs 2019
Net profit 2020
0M NOK
+165% vs 2019
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
-0.2 %
Very weakAmong the 20% lowest rated companies in the industry
20172020
Liquidity ratioCurrent assets ÷ Short-term debt
2.0×
AverageAround the average of companies in the same industry
20172020
Return on assets (ROA)Net profit ÷ Total assets × 100
1.0 %
AverageAround the average of companies in the same industry
20172020
EBITDA — year on year
NOK thousandsKey figures
Annual report 2020| Revenue | 3M NOK | +74% |
| EBITDA | 0.1M NOK | +358% |
| Net profit | 0M NOK | +165% |
| Total assets | 3.9M NOK | +34% |
| Equity | -0M NOK | +80% |
| Employees | 3 | — |
Company information
Legal name
VIERI AS
Org number
918425586
Legal form
Aksjeselskap
NACE code
62010 · Programmeringstjenester
Founded
1 January 2017 · 9 years
Share capital
NOK 35,714
Employees
3 (FTE)
VAT registered
No
Audit selected
No
Last report
2020-12-31
Financial year
January – December
Signatory rights
Styrets leder alene. Daglig leder alene.
Company purpose
Utvikling og salg av programvare, konsulenttjenester, samt deltakelser i lignende selskap.
(no translation available)
Contact
Address
Grenseveien 21, 4313 Sandnes
Website
https://www.vieri.no
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Financial development
In its most recent annual report (2020), Vieri AS reported revenue of NOK 3.0m, an increase of 74% on the year before. The figures on this page draw on 4 annual filings covering 2017 to 2020. The bottom line showed a net profit of NOK 38.0k, and the EBITDA margin stood at 3.1%.
At the end of 2020, current assets covered short-term debt 2 times.
Financials
Revenue
NOK thousandsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|
| Revenue | 2,968 | 1,704 | 241 | 0 |
| Staff expenses | -2,424 | -0 | -0 | -0 |
| EBITDA | 93 | -36 | 0 | -14 |
| Depreciation & amort. | -5 | -0 | -0 | -0 |
| EBIT | 88 | -36 | 0 | -14 |
| Net financials | -50 | -22 | 0 | 0 |
| Profit before tax | 38 | -59 | 1 | -14 |
| Tax | -0 | 0 | 0 | -0 |
| Net profit | 38 | -59 | 0 | -14 |
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Balance sheet
NOK thousands| Item | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|
| Total assets | 3,942 | 2,934 | 231 | 14 |
| Equity | -9 | -47 | 11 | 11 |
| Long-term debt | 2,500 | 2,500 | 0 | 0 |
| Short-term debt | 1,188 | 481 | 219 | 3 |
| Total debt | 3,688 | 2,981 | 219 | 3 |
Financial ratios
5-year trendEBITDA margin
3.1 %
20172020
Equity ratio
-0.2 %
Very weakAmong the 20% lowest rated companies in the industry
20172020
Return on equity
—
20172020
Net profit margin
1.3 %
AverageAround the average of companies in the same industry
20172020
Asset turnover
0.75×
StrongAmong the 40% highest rated companies in the industry
20172020
Debt / equity
—
20172020
Sector performance
22 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginWeak
Among the 40% lowest rated companies in the industry
The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.
Operating marginAverage
Around the average of companies in the same industry
EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.
Net profit marginAverage
Around the average of companies in the same industry
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Return on assets (ROA)Average
Around the average of companies in the same industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Strong
Among the 40% highest rated companies in the industry
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
Basic earning power (BEP)Strong
Among the 40% highest rated companies in the industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioStrong
Among the 40% highest rated companies in the industry
Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.
Return on equity (ROE)Not rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Liquidity
Current ratioAverage
Around the average of companies in the same industry
Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.
Quick ratioAverage
Around the average of companies in the same industry
Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.
Cash ratioAverage
Around the average of companies in the same industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Fixed assets to long-term capitalWeak
Among the 40% lowest rated companies in the industry
Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.
Cash conversion ratioVery strong
Among the 10% highest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Current assets to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.
Debt & solvency
Solidity ratioVery weak
Among the 20% lowest rated companies in the industry
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioWeak
Among the 30% lowest rated companies in the industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Income to debtAverage
Around the average of companies in the same industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtAverage
Around the average of companies in the same industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageAverage
Around the average of companies in the same industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtWeak
Among the 40% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginAverage
Around the average of companies in the same industry
The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.
Debt to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Efficiency & development
Asset turnoverStrong
Among the 40% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalVery weak
Among the 20% lowest rated companies in the industry
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
One-year change in debtWeak
Among the 40% lowest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
Inventory turnoverNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.
One-year change in equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The size of this year's increase or decrease in the company's equity.
Annual reports & filings
- Annual report 2020Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
- Annual report 2019Filed via Brønnøysundsregistrene · Period 2019-01-01 – 2019-12-31
- Annual report 2018Filed via Brønnøysundsregistrene · Period 2018-01-01 – 2018-12-31
- Annual report 2017Filed via Brønnøysundsregistrene · Period 2017-01-01 – 2017-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
PI Chief Executive Officer | Chief Executive Officer | 2019 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
SV Board of Directors | Board of Directors | 2017 |
PI Board of Directors | Board of Directors | 2017 |
SF Chairman | Chairman | 2017 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 28.33% | 28.33% | 2020 | |
| Company | 28.33% | 28.33% | 2020 | |
| Company | 15% | 15% | 2020 | |
| Company | 28.33% | 28.33% | 2020 |
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Company hierarchy
Codecreate As
Vieri AS Board network connections
Board members of Vieri AS also hold positions in 31 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Sjur Varhaug | Board of Directors | 16 companiesMany roles |
| Per Inge Rygg | Chief Executive Officer | 9 companiesMany roles |
| Stig Føyn | Chairman | 6 companiesMany roles |
Frequently asked questions
What is the Org number of Vieri AS?
Vieri AS is registered with Brønnøysundsregistrene under Org 918425586.
What is the revenue of Vieri AS?
Vieri AS reported revenue of NOK 3.0m in 2020.
How many employees does Vieri AS have?
Vieri AS employs 3 people as of the latest annual report.
Who is the CEO of Vieri AS?
Per Inge Rygg is the CEO of Vieri AS, in role since 2019.
Who is the chairman of Vieri AS?
Stig Føyn chairs the board of Vieri AS.
Where is Vieri AS headquartered?
Vieri AS's registered address is Grenseveien 21.